One in 10 jobs shed since construction peak

Aaron Morby 15 years ago
Share

Latest employment figures for construction have intensified the pressure on Government to stimulate growth, particularly through house building.

New Government figures for the final quarter of last year show a further 8,000 jobs shed from construction compared to the previous three months, taking the total workforce to just 2,128,000.

This means that since the peak in September 2008, nearly a quarter of a million jobs have been lost in construction. This equates to about one in 10 of the total workforce at that time.

House builders have seized on the latest job figures and have called for a stimulus package in next week’s Budget.

This includes the release of public sector land, help for first time buyers to get on the housing ladder and solutions to the mortgage famine.

Stewart Baseley, Executive Chairman of HBF said: “This is a critical budget for the Government if it is serious about its commitment to increase housing supply and boost the economy.

“House building can be a crucial driver in creating jobs and investment. By tackling the record low levels of construction and our current housing crisis we could create 200,000 jobs a year.

“For this to happen, we need to see action taken to increase mortgage lending – especially to First Time Buyers – more public land being made available and a real reduction in regulation.”

Latest news

£700m Scottish super-hospital goes to ministers for final approval

Laing O'Rourke on track to start Monklands Replacement Hospital next year
2 days ago

Gateway 2 sign-off for landmark Stratford student tower

RG Group tipped to build 41-storey, 952-bed building
2 days ago

13 firms win £150m Lincolnshire roads race

County signs four-year deal for general works and resurfacing across A and B roads
2 days ago

£125m South London estate rebuild approved

278 homes to be delivered at New Cross Achilles Street Estate rebuild
2 days ago

Roofer verbally abused safety inspector

Court issues fine to Cornish roofer
2 days ago

Ravenscraig 200-acre site remediation gets go-ahead

Huge land remediation push will clear way for 2,000 future homes
2 days ago

Kori wins £30m London care home job

Main construction work to start next month in Highgate
2 days ago

Buyers report steepest output fall for five-and-half years

Budget uncertainty sends workloads plummeting across all sectors
3 days ago

Balfour Beatty powers up order book 20% to over £20bn

£3bn Sizewell C civils and power grid haul ends year on a high
3 days ago

Monster TBM hunt starts for Lower Thames Crossing

Motorway tunnel project cost soars to £11bn
3 days ago

Anglian Water to shift £1.5bn work to single Tier 1 partner

Bidding to open in New Year for single integrated partner in fresh drive for value for money
3 days ago

Builder ordered to pay back stolen plant and car money

Construction director faces jail if he can't repay £190,000
4 days ago

BAM gets green light for £140m Cardiff Central revamp

Spring 2026 start for major rebuild adding new entrances, bigger concourse and platform upgrades
3 days ago

Electrical apprentice falls through fragile roof

M&E contractor and surveyor fined after accident
3 days ago

Willmott Dixon tops contracts league after £136m Luton win

Contractors report softer pipeline as client caution drags down November totals
4 days ago

Civils firm files administration notice as part of restructure

E.J. Taylor & Sons lines-up pre-pack sale of £41m turnover contractor
5 days ago

Iconic London meat and fish markets line up Royal Docks move

Albert Island relocation unlocks Smithfield cultural hub and 4,000-home Billingsgate plan
4 days ago

Water orders flow as Kier nets £44m ECI haul

Southern Water signs off fresh batch of AMP8 waste water packages
4 days ago

£350m plan lodged for Leatherhead town centre revamp

Revamp plans 480 homes, new offices and a full Swan Centre rebuild
4 days ago

Tilbury Douglas appoints new fit-out MD

Jack Dixon joins from Structure Tone
5 days ago

Amey rail maintenance workers to hold strike ballot

Industrial action threat after 2.2% pay offer
4 days ago

Kier CFO to step down after six-year turnaround mission

New CFO from Wincanton to replace Kesterton in January
5 days ago

London co-living job storms through Gateway 2 in 13 weeks

Developer Morro hails UK’s fastest Building Safety Act approval for Hackney scheme
5 days ago

Severfield suffers £7.6m first-half loss amid work slowdown

New CEO starts full review of operating model for 2026 reset
5 days ago

London Mayor ends stalemate over Paddington student towers

Long-disputed Baltic Wharf scheme approved after two Westminster refusals.
5 days ago

Balfour regional civils chief joins Costain

Peter Mumford takes vacant role of managing director for natural resources division
6 days ago

Caddick lands £20m Nottingham addiction clinic

Former fire HQ to make way for 32-room treatment clinic with wellness facilities
6 days ago

Holcim buys site waste removal business

Thames Materials Limited expands materials giant's London operations
5 days ago

Gateway 2 project backlog slashed but retrofit logjam drags on

Regulator halves new-build legacy logjam but safety retrofit caseload grows
6 days ago

Manchester town hall refurb costs hit £525m

Three subcontractors have gone bust in last six months on Bovis project
6 days ago